AM Best affirms Continental Re's rating

AM Best has affirmed Continental Re (Nigeria)’s financial strength rating of B+ (Good) and its long-term issuer credit rating of bbb-.

The rating reflects the company’s strong balance sheet, adequate operating performance, neutral business profile, and sound management of business risks.

In 2024, the reinsurer reported a combined ratio of 95.1% and a return on equity (ROE) of 7.9%.